The long bond continues to climb, now up more than a full point since the FOMC minutes...

The long bond continues to climb, now up more than a full point since the FOMC minutes yesterday. When the Fed got hawkish in 1993 after a long period of ease, bond prices collapsed. Now they gain? It seems as good of a tell as any that the economy is not ready to handle tighter policy (see Hoisington). TLT+0.7%.